Seaport Corp. had the follow February 1 Borrowed $20,000 from a bank and signed a note. Principal and interest at 9% will be paid on January 31, 2025. April 1 Paid $5,200 to an insurance company for a two-year fire insurance policy. July 17 Purchased supplies costing $3,600 on account. At the year-end on December 31, 2024, supplies costing $1,650 remained on hand. November 1 A customer borrowed $8,400 and signed a note requiring the customer to pay principal and 7% interest on April 30, 2025. Required: 1. Please carefully record each transaction in general journal form. 2. Please prepare any necessary adjusting entries at the year-end on December 31, 2024. (Note: no adjusting entries were recorded during the year for any item.)
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- Open the file MASTER from the website for this book at cengagebrain.com. Enter all the formulas where indicated on the worksheet. Check to be sure that your balance sheet balances. Enter your name in cell A1. Save the completed file as MASTER2. Print the worksheet when done. Also print your formulas using fit-to-1 page scaling. Check figures: Borrowing (cell B78), $7,280; forecasted net income (cell D95), $40,200; total assets (cell D105), $507,600.Edit View History Bookmarks Profiles Tab Window Help Question 5 - Proctoring Enable X + getproctorio.com/secured #lockdown octoring Enabled: Chapter 3 Required Homewor... D W 5 The trial balance for Canton Incorporated, listed the following account balances at December 31, 2024, the end of Canton Incorporated's fiscal year: cash, $32,000; accounts receivable, $27,000; inventory, $41,000; equipment (net), $96,000; accounts payable, $30,000; salaries payable, $13,000; interest payable, $9,000; notes payable (due in 20 months), $46,000; common stock, $82,000. Current assets Current liabilities ↑ Please calculate total current assets and total current liabilities that would appear in the year-end balance sheet of Canton Incorporated. #3 E с 54 $ R % G Search or type URL 5 T < Prev 5 of 5 Saved A 6 MacBook Pro Y & 7 Next * 00 8 + 9 O E 0 Help P | 1 50% * Save & Exit 0 + 1116% D Fri le Edit View History Bookmarks Window Help A education.wiley.com W https://msroederbhs.weebly.com/uploads/2/2/4/0/= NWP Assessment Player UI Application - Quiz 2 -/3 E Question 9 of 10 < View Policies Current Attempt in Progress At August 31, Coffman Company has this bank information: cash balance per bank $6,450; outstanding checks $2,762; deposits in transit $1,700; and a bank service charge $20. Determine the adjusted cash balance per bank at August 31, 2021. Adjusted cash balance per bank 2$ Attempts: 0 of 1 used Submit Answer Save for Later 7.288 MAR 4 étv P. Maclook A 000 80 DII DD F1 F2 F3 F4 F5 F6 F7 F8 F9 F10 @ # $ % A & * 2 3 5 6 8
- A v2.cengagenow.com da EXCHANGE PASSWORD REQUIRED 1 FA2021 - Fina... X CengageNOWv2 | Online teaching and learning reso. 11m O https://www.toolingu.com/Ims/contentplayer/?corpo. Enter your password for "hjmolin" in Internet Accounts. еВook Show Me How Note Payable and Accrued Interest Fairborne Company borrowed $600,000 on an 8%, interest-bearing note on October 1, 2023. Fairborne ends its fiscal year on December 31. The note was paid with interest on May 1, 2024. Required: 1. Prepare the entry for this note on October 1, 2023. If an amount box does not require an entry, leave it blank. 2023 Oct. 1 Cash Notes Payable (Record issuance of note) Feedback 2. Prepare the adjusting entry for this note on December 31, 2023. If an amount box does not require an entry, leave it blank. 2023 Dec. 31 Interest Expense Interest Payable (Record accrued interest) Feedback 3. Indicate how the note and the accrued interest would appear in the balance sheet at December 31, 2023. Among the current…Safari File Edit View History Bookmarks Window Help Inbox (3,222) - tonygonzalez0100@g... Bb Welcome, Tony - Blackboard Learn learn-us-east-1-prod-fleet02-xythos.content.blackboardcdn.com Screenshot 2. Suppose Grandma wants to accumulate $100,000 for her grandchild's college education in 18 years. How much must she deposit today into an account with an APR of 4%, compounded semiannually in order to have $100,000 in 18 years? Assume no additional deposits are made. O Bb NCBM 0222/MATD 0485 Unit 4 Conte... DEC 7 Bb https://learn-us-east-1-prod-fleet02-x... 3. You want to save enough to have $40,000 for a down payment on a house in 6 years. How much should you deposit today into an account with an APR of 4% compounded weekly in order to have the down payment in 6 years? tvi PV: = PMT= FV = APR = Periods = Compounding: PV: = PMT= FV = APR = Periods = Compounding: A 32 Wed Dec 7 12:03 AM b Search results for 'Suppose Grandma... t PM PM . PM t t PM PM t PMSafari File Edit View History Bookmarks Window Help - O - A ezto.mheducation.com umentative Essay: First Draft - Black. E English essay - Google Docs B Review Submission History: Argumentati.. M Ques Chapter 6 i Saved 1 Austin Clinic deposits all cash receipts on the day when they are received and it makes all cash payments by check. At the close of business on June 30, 2011, its Cash account shows an $15,671 debit balance. Austin Clinic's June 30 bank statement shows $15,382 on deposit in the bank. Prepare a bank reconciliation for Austin Clinic using the following information:. (Do not use a minus sign if your selection is to "Deduct" an item. Omit the "$" sign in your response): 10 points a. Outstanding checks as of June 30 total $2,700. b. The June 30 bank statement included a $65 debit memorandum for bank services. c. Check No. 919, listed with the canceled checks, was correctly drawn for $489 in payment of a utility bill on June 15. Austin Clinic mistakenly recorded it with a…
- -jasoniabattles@cont x udentFunctions/Interface/acellus_engine.html?ClassID=980092141 K to 12 6 BS Acellus - The Scienc M My Gmail B My Classes S My Drive-Google D.. Average Daily Balance Interest Calculation The balance on a credit card, that charges a 20% APR interest rate, over a 1 month period is given in the following table: $150 (initial balance) Days 4-20: $200 ($50 purchase) ($150 payment) Days 1-3: Days 21-30: $50 What is the finance charge, on the average daily balance, for this card over this 1 month period? finance charge $ [?] Round to the nearest hundredth. Enter Corporation All Rights Reserved.Dashboard / My courses / FINA 415-1-20201 / General / FINAL EXAM- FINA 415- FALL 2020-21 Quiz nav Question 18 Which of the deposits are used by business people in majority? Answer saved 1 Marked out of 2 Select one: 10 11 Flag question O a. None O b. Recurring Deposits 20 19 O c. Savings Deposits Finish atte O d. Current Deposits O e. Time Deposits Clear my choice Next page Previous page Unit 4 (3).pptx Unit 3 (2).pptx Unit 5 (1) (1).pptxHome * CengageNOW x O Wayne Comm X w Course: 2021S x Course: 20215 x4 Chp 2 - Googl x+ w.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=... ☆ た eBook Show Me How Transactions Innovative Consulting Co. has the following accounts in its ledger: Cash, Accounts Receivable, Supplies, Office Equipment, Accounts Payable, Common Stock, Retained Earnings, Dividends, Fees Earned, Rent Expense, Advertising Expense, Utilities Expense, Miscellaneous Expense. Journalize the following selected transactions for October 20Y2 in a two-column journal. Journal entry explanations may be omitted. If an amount box does not require an entry, leave it blank. Oct. 1. Paid rent for the month, $2,500. 4. Paid advertising expense, $1,000. 5. Paid cash for supplies, $1,800. 6. Purchased office equipment on account, $11,500. 12. Received cash from customers on account, $7,500. 20. Paid creditor on account, $2,700. 27. Paid cash for miscellaneous expenses, $700. 30.…
- nt Home Content CengageNOWv2| Online teach x Mail - Niyonzima Focus - Ou x + cengagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession. * A Calculator A $375,000 bond issue on which there is an unamortized discount of $40,000 is redeemed for $320,000. Journalize the redemption of the bonds. If an amount box does not require an entry, leave it blank. Cash Bonds Payable Gain on Redemption of Bonds CashEdit View History Bookmarks Profiles Proctoring Enable X ctorio.com/secured#lockdown Enabled: Chapter 6 Homework Assignm... i CUNY Login @ On November 6, 2024, James Smith purchased a season pass for $375. Required: 2 Tab Window Help Complete this question by entering your answers in the tabs below. Required 2 Required 3 X Required 1 When should Ski West recognize revenue from the sale of its season passes? When should Ski West recognize revenue from the sale of its season passes? & 7 Next > 8 + 00 Help 9 Save & Exit Š 0 QEdit View History Bookmarks Profiles Tab Window Help Question 4 - Proctoring Enable X 2 getproctorio.com/secured#lockdown octoring Enabled: Chapter 3 Required Homewor... i W + 4 You are an auditor and you have been asked to review the December 31, 2024, balance sheet for Locust Point Incorporated. After four days of hard work, you have completed the review and you meet with your supervisor to discuss the following 3 items: Determine the appropriate classification of each of these items. Note: If no entry is required for classification, choose "No entry". 1. Investment 2. Installment note 3. Deferred revenue → Items 3 E с 1. An investment of $34,000 is included in current assets. Management has indicated it has no intention of liquidating the investment in 2025. 2. A $140,000 note payable is listed as a long-term liability, but you have determined that the note is due in 10 equal annual installments with the first installment due on March 31, 2025. 3. Deferred revenue of $72,000 is…